BroadSoft Inc., a Gaithersburg, Md.-based provider of VoIP application software to the telecom industry, has acquired Sylantro Systems Corp., a Campbell, Calif.-based provider of VoIP applications. No financial terms were disclosed. Broadsoft has raised around $76 million in total VC funding since 1998, from firms like Bessemer Venture Partners, Charles River Ventures, Columbia Capital, Crescendo Ventures, Grotech Capital Group, RRE Ventures and Meritech Capital Partners. Sylantro has raised over $116 million since 1998, from firms like Accel Partners, Mayfield Fund, Scale Venture Partners, Summerhill Venture Partners, Vanguard Ventures and Telesystem-Argo Global Capital.
BroadSoft, Inc., the leading worldwide provider of Voice-over-Internet Protocol (VoIP) applications to the telecommunications industry, today announced it has acquired Sylantro Systems Corporation, a provider of VoIP applications based in Campbell, California.
“Sylantro has been a strong competitor of BroadSoft for 10 years. This acquisition further advances our market and innovative leadership position,” said Michael Tessler, president and CEO of BroadSoft. “Sylantro’s solutions, talent and customers complement BroadSoft’s business and enhance our ability to deliver compelling solutions and services to our customers.”
The acquisition extends BroadSoft’s leadership in VoIP applications. To serve its growing customer base, BroadSoft now has development and customer operations centers in Montreal, Canada; Dallas, Texas; Bangalore, India; Sydney, Australia; Belfast, Northern Ireland; and Gaithersburg, Maryland.
“BroadSoft and Sylantro have long histories of helping telecommunications service providers deliver IP communications services to businesses and consumers around the world,” Marco Limena, president and CEO of Sylantro. “By joining forces, the two companies are in a position to create a market leading global entity with a shared vision and infrastructure to meet the needs of our valued customers and the challenges of a competitive industry landscape.”
BroadSoft did not disclose terms of the transaction. BroadSoft intends to support Sylantro’s Synergy platform through its direct sales force and authorized Sylantro and BroadSoft partners.
BroadSoft(R) provides VoIP application software that enables the delivery of hosted telephony and multimedia services. Its award-winning flagship BroadWorks(R) technology empowers wireless, wireline and cable carriers to deliver next-generation voice and multimedia applications and advanced features that enable them to increase revenue, enhance competitive differentiation and elevate customer satisfaction. BroadSoft’s family of carrier-class software products delivers the scale, open architecture and reliability that the world’s leading telecommunications companies demand to serve mission-critical enterprise and residential broadband customers. BroadSoft provides VoIP applications to eight of the top 10 and 14 of the top 25 largest carriers worldwide, as measured by recent annual revenue, including Korea Telecom, KPN, SingTel, Sprint, Telefonica de Espana, Telstra, T-Systems, and Verizon. For additional information, go to www.BroadSoft.com.
About Sylantro Systems
Sylantro Systems offers the Multiplay Application Feature Server to enable rich, hosted IP communication services across fixed, mobile, and cable networks. Sylantro’s Synergy multiplay platform and Synapps Web Services provide a carrier-grade, feature-rich, web services-enabled common capability for creating new converged experiences for businesses and consumers. Sylantro customers include AT&T, China Netcom, Nuvox, QWEST, StarHub, Swisscom, and others. Sylantro is headquartered in Campbell, California.
BroadSoft and BroadWorks are registered trademarks of BroadSoft, Inc. All other names are trademarks of their respective owners.